Federal Direct Subsidized/Unsubsidized Loan Program

Federal Direct Subsidized/Unsubsidized Loan Program

Undergraduate Students:

subsidized loan is awarded on the basis of financial need. The federal government pays interest for the loan ("subsidizes" the loan) until you graduate or stop attending half-time and during authorized periods of deferment.

An unsubsidized loan is not awarded on the basis of need. You'll be charged interest from the time the loan is disbursed until it is paid in full. 

Students may be eligible for Federal Direct Subsidized and/or Unsubsidized Loans by completing the FAFSA. 

A student may be eligible if they are eligible for federal financial aid and are enrolled in a degree seeking program and at least 6 credits per semester (half-time) at Stockton University. 

Eligible students borrow directly from the U.S. Department of Education.

If dependent, your subsidized and unsubsidized Direct Loan annual eligibility is as follows:

 
0-31 Earned Credits
32-63 Earned Credits
64 and Above Earned Credits
Subsidized
$3,500
$4,500
$5,500
Unsubsidized
$2,000
$2,000
$2,000
Total
$5,500
$6,500
$7,500

 

If independent, your subsidized and unsubsidized Direct Loan annual eligibility is as follows:

 
0-31 Earned Credits
32-63 Earned Credits
64 and Above Earned Credits
Subsidized
$3,500
$4,500
$5,500
Unsubsidized
$6,000
$6,000
$7,000
Total
$9,500
$10,500
$12,500


When added to other financial aid resources, the loans amount may not exceed the cost of attendance at the time it is disbursed to the school.

To learn more about lifetime eligibility, visit studentaid.gov.

To have these loans applied to a student's account, the student needs to accept them and complete Entrance Counseling and a Master Promissory Note on studentaid.gov. Visit stockton.edu/fafsa for instructional videos guiding you through the process. Once completed, the university will receive notice from the federal government withint 3-5 business days.

You will begin repayment on the principle 6 months after you stop attending half time or graduate.

If you graduate, withdraw, are dismissed, fall below half time enrollment or take a leave of absence, you are required to complete EXIT Counseling, which will give you an understanding of how to start repaying your loans. Students who do not complete this requirement will have holds places on their accounts preventing them from receiving their official transcript or diplomas.

Learn more about Federal Direct Subsidized and Unsubsidized loans for undergraduate students at studentaid.gov.


Graduate Students:

An unsubsidized loan is not awarded on the basis of need. You'll be charged interest from the time the loan is disbursed until it is paid in full. 

You will begin repayment on the principle 6 months after you stop attending half time or graduate. When added to other financial aid resources, the loan amount may not exceed the cost of attendance at the time it is disbursed to the school. 

Students may be eligible for an unsubsidized loan by completing the FAFSA. 

A student may be eligible if they are enrolled in a degree seeking program and at least 5 credits per semester at Stockton University.

Eligible students borrow directly from the U.S. Department of Education.

Students may borrow up to $20,500 each academic year of a Federal Direct Unsubsidized Loan.

When added to other financial aid resources, the loan amount may not exceed the cost of attendance at the time it is disbursed to the school.

To learn more about lifetime eligibility, visit studentaid.gov.

To have these loans applied to a student's account, the student needs to accept them and complete Entrance Counseling and a Master Promissory Note on studentaid.gov. Visit stockton.edu/fafsa for instructional videos guiding you through the process.  Once completed, the university will receive notice from the federal government withint 3-5 business days.

You will begin repayment on the principle 6 months after you stop attending half time or graduate.

If you graduate, withdraw, are dismissed, fall below half time enrollment or take a leave of absense, you are required to complete EXIT Counseling, which will give you an understanding of how to start repaying your loans. Students who do not complete this requirement will have holds places on their accounts preventing them from receiving their official transcript or diplomas.

Learn more about Federal Direct Subsidized and Unsubsidized loans for undergraduate students at studentaid.gov.